With India remaining a potential growth market, global banks are hiring young turks in order to ensure that no stone is left unturned in their bid to reach the top.
i-flex Solutions Ltd said UBS Warburg, an investment banking and securities firm implemented a cash, current accounting and payment system around Flexcube, the banking application suite from i-flex.
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
There are still bumps in the road ahead for Swiss banks.
A key trigger for the increased retail participation in equities has been the lockdown triggered by Covid-19 that saw investors channelising their savings to capital markets in search of better return on their investments and the need to increase their disposable income.
According to two independent sources in the know, the group is exploring the possibility of tapping private equity investors for a significant minority stake in the company or may even exit the business, provided it gets a significant exit premium.
PEs and VCs are taking a closer look at their bouquet of investments. Leading voices in the sector are categorical that cash-burn rates -- that's blowing up equity to acquire market share -- as a business model can't continue to be the polestar.
Anshu Jain spent 20 years building Deutsche Bank.
Jain did not want to financially burden the bank with his own, personal decision to quit
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
Jain was the architect of Deutsche's investment banking business and placed one of his former trading heads, Alan Cloete, in Hong Kong as co-CEO for Asia Pacific in 2012.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
IndiGo heads towards $400 mln IPO as air travel booms.
Analysts say there is still no visibility of earnings improvement.
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TPG was one of the first global private equity firms to enter Asia, opening a Shanghai office in 1994.
Lewis Hamilton assured activists that he would not let human rights issues go unnoticed.
'We are overweight on India, as it is one of the best in emerging markets (EMs)'
Banks can collapse, markets can be rigged, investment instruments can become worthless overnight, auditors can fail to blow the whistle, board directors can be asleep, and regulators can be incompetent, notes T N Ninan.
Foreign banks were ahead in terms of technology, but that is no longer the case as Indian private banks steal the innovation march.
A section of analysts feel now may not be a bad time to buy select PSBs.
Analysts caution a non-BJP government is not an impossible scenario. In case of a Modi-led coalition, they advise investors to focus on discretionary consumption, select private banks and financials, RIL, housing, and IT.
The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities, the largest fund manger as well as holder of household savings, dwarfing even SBI deposits, as per a report. Holding 17 per cent of the over Rs 80.7 lakh crore dated government securities, maturing by 2061, the Reserve Bank is the second largest holder of government debt, while led by public sector banks, commercial banks collectively own around 40 percent. Other insurers cumulatively own only 5 per cent.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
After two months of buying, foreign portfolio investors (FPIs) have turned net sellers in October by pulling out Rs 12,278 crore from Indian markets. As per depositories data, FPIs took out Rs 13,550 crore from equities but invested Rs 1,272 crore in the debt segment during October 1-29. The total net outflow stood at Rs 12,278 crore during the period under review.
The board of directors will review the position of Vijay Mallya, under self-exile in Britain, at its next meeting on August 12.
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
'In the overall global portfolio, India's weighting has come down in the past seven months.'
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
Securities held in custody accounts reached a new high.
India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing.
'India's edtech and start-up story will be in danger.'
The stellar rise in corporate earnings in financial year 2021-22 (FY21) and FY22 did not result in a corresponding boom in capital expenditure (capex), with listed companies' investment in fixed assets rising just 2.3 per cent year-on-year (YoY) in FY22, growing at the slowest pace in the last six years. In comparison, the firms' combined net profit jumped 63.5 per cent YoY in FY22, while net sales increased 31.1 per cent - the fastest pace in over a decade. The 955 non-financial companies in Business Standard's sample reported combined net profit of Rs 7.18 trillion in FY22, compared with Rs 4.39 trillion in FY21 and Rs 2.59 trillion in FY20.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
Mallya said he was being advised by lawyer Harish Salve.
A new generation of scholars -- this time, sociologists and anthropologists, who hitherto have been busy with researching social practices of primitive tribes and social structures like India's caste system -- are starting to cast their eyes on the financial sector.
There is much more that the government can do to track money hidden abroad.
Oil subsidies to fall 44% in FY15.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Morgan Stanley says favourable factors will push Sensex to 32,500 level by December.
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